Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. signed a contract to acquire 12% stake in Hunan Development Chunhua Health Investment Co., Ltd. from Hunan Development Group Co.,Ltd for CNY 20.7 million.
June 28, 2021
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Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. agreed to acquire 12% stake in Hunan Development Chunhua Health Investment Co., Ltd. from Hunan Development Group Co.,Ltd (SZSE:000722) for CNY 20.7 million on May 26, 2021. Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. signed a contract to acquire 12% stake in Hunan Development Chunhua Health Investment Co., Ltd. from Hunan Development Group Co.,Ltd on June 28, 2021. Jiangxi Nanshui Prefabricated shall pay the consideration in a lump sum within 5 working days after the signing of this contract. The Board of Hunan Development Group approved the deal on May 26, 2021. As per update on July 5, 2021, Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. has remitted the transaction price to settlement account. The State-owned Assets Supervision and Administration Commission reviewed and approved the same. On July 22, 2021, Changsha County Market Supervision and Administration Bureau approved the transaction.
Hunan Development Group Co Ltd is a China-based company principally engaged in the clean energy, natural resources, and medical and health-related businesses. The Company primarily operates its businesses through five segments. The Investment Management segment is mainly engaged in equity investment, mergers and acquisitions and other businesses. The Clean Energy segment is mainly engaged in the investment, development, construction, operation, and management of clean energy projects such as hydropower and photovoltaic power generation. The Natural Resources segment is mainly engaged in the sales of river sand, river pebbles, gravel and other products. The Medical Care and Health segment is mainly engaged in community home care, government-purchased home care, smart care information platform and related businesses. The Service Industry and Other segment is mainly engaged in hotel operation, property management, and self-owned house leasing.
Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. signed a contract to acquire 12% stake in Hunan Development Chunhua Health Investment Co., Ltd. from Hunan Development Group Co.,Ltd for CNY 20.7 million.